Crude oil price keeps declining – Analysis - 27-09-2022
Economies.com
2022-09-27 04:13AM UTC
Crude oil price shows more bearish bias to test 76.00 barrier, fluctuating with slight positivity affected by stochastic positivity, waiting to resume the negative trades to head towards our next main target at 75.00, noting that breaking this level will extend the bearish wave to reach 73.00.
Holding below 80.90 is important to continue the expected decline, as breaching it will push the price to recover and achieve positive targets that start by testing 83.75 and might extend to 88.00 areas before any new attempt to decline.
The expected trading range for today is between 74.30 support and 78.20 resistance.
The expected trend for today: Bearish
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